\begin{table}[h!]
    \centering
    \caption{Developer Participation Responses to Variation in 421-a Incentive: \\ Borough and Year Fixed Effects}
    \label{tab:main_logit_fes}
    \small
    \begin{tabular*}{\textwidth}{@{\extracolsep{\fill}}lcccc@{}}
\toprule
 & (1) & (2)            & (3)              & (4)                \\  \addlinespace
Fixed Effects:                  & None     & \multicolumn{3}{c}{Borough} \\ \cmidrule{2-2}\cmidrule{3-5}
Controls:                   & None       & None   & Lot   & Lot \& Block   \\ \midrule \addlinespace
Boroughs: \\ \addlinespace 
\quad Bronx           &     & 0.611*      & 2.036***        & 1.629***   \\
                         &     & (0.362)      & (0.552)        & (0.507) \\ \addlinespace 
\quad Brooklyn           &     & -0.033      & 0.994**        & 0.885**   \\
                         &     & (0.294)      & (0.477)        & (0.451) \\ \addlinespace 
\quad Queens           &   & -0.527      & 0.625        & 0.523   \\
                         &      & (0.451)      & (0.593)        & (0.529) \\ \addlinespace 
\quad Staten Island           &    & -0.434      & 0.538        & 0.483   \\
                         &     & (1.030)      & (0.988)        & (0.959) \\ \addlinespace 
Permit Years: \\    \addlinespace                       
\quad 2004           &     & -0.138      & -0.050        & -0.065   \\
                         &     & (0.236)      & (0.249)        & (0.252) \\ \addlinespace 
\quad 2005           &     & -0.050      & 0.016        & -0.036   \\
                         &     & (0.220)      & (0.244)        & (0.203) \\ \addlinespace 
\quad 2006           &   & -0.068      & -0.077        & -0.141   \\
                         &      & (0.230)      & (0.232)        & (0.231) \\ \addlinespace 
\quad 2007           &    & 0.016      & -0.182        & -0.309   \\
                         &     & (0.201)      & (0.215)        & (0.191) \\ \addlinespace 
\quad 2008           &     & -1.320**      & -1.907***        & -2.253***   \\
                         &     & (0.586)      & (0.614)        & (0.528) \\ \addlinespace 
\quad 2009           &     & 0.672      & 0.105        & -0.033   \\
                         &     & (0.593)      & (0.536)        & (0.522) \\ \addlinespace 
\quad 2010           &   & 0.612      & 0.005        & -0.147   \\
                         &      & (0.485)      & (0.473)        & (0.456) \\ \addlinespace 
\quad 2011           &    & 0.693      & 0.093        & -0.101   \\
                         &     & (0.551)      & (0.585)        & (0.613) \\ \addlinespace 
\quad 2012           &     & 0.425      & -0.276        & -0.498   \\
                         &     & (0.515)      & (0.556)        & (0.544) \\ \addlinespace 
\quad 2013           &     & -0.044      & -0.638        & -0.840*   \\
                         &     & (0.471)      & (0.496)        & (0.460) \\ \addlinespace 
\quad 2014           &   & -0.243      & -0.868        & -0.997*   \\
                         &      & (0.530)      & (0.593)        & (0.577) \\ \addlinespace 
\quad 2015           &   & -0.601      & -1.328***        & -1.644***   \\
                         &      & (0.466)      & (0.459)        & (0.427) \\ \addlinespace                          
$N$                       & 11,666    & 11,666      & 11,645        & 11,638  \\
Clusters & 179    & 179      & 179        & 179  \\\addlinespace \bottomrule
\end{tabular*}
      

        	\begin{spacing}{1}
\begin{tablenotes}
      \item \footnotesize \textit{Notes:} See notes to Table \ref{tab:main_logit}. $\sym{*} = p < 0.10$, $\sym{**} = p < 0.05$, $\sym{***} = p < 0.01$.
      \end{tablenotes}
       \end{spacing}
\end{table}